Apex-Wallet - Risk & Reward Calc (Futures/Prop-Firm)Overview The Apex Risk & Reward Calc is a specialized utility tool designed for Futures traders, particularly those working with Prop Firms (Apex, MyFundedFutures, etc.). It eliminates the need for manual calculations by providing an instant, clear visualization of your Risk/Reward parameters directly on the chart.
How it works Trading Futures (ES, NQ, MES, MNQ) requires knowing exactly how many ticks correspond to your financial target. This script automatically detects the active instrument and calculates the precise number of ticks needed for both your Take Profit (TP) and Stop Loss (SL) based on your desired cash outcome and chosen ratio.
Key Features:
Automatic Ticker Recognition: Supports ES, NQ, MES, and MNQ with built-in tick values.
Cash-Based Planning: Enter your desired profit in dollars (e.g., $50), and the script tells you the required tick move.
Dynamic Ratio Selection: Choose from 9 different R:R ratios (from 1/5 to 5/1) to instantly see the impact on your Stop Loss.
Compact Professional UI: A clean, 3-column dashboard at the bottom-right of your screen showing active lots, ticks, and gross cash values.
Trading Application Perfect for intraday scalpers who need to set their ATM strategies in platforms like Tradovate or NinjaTrader. It ensures your execution remains consistent with your risk management plan.
Indicadores y estrategias
Reversal Trading ChecklistUse to grade your reversal trades before execution.
Middle Half of hour refers to :15ish-:45ish when reversals are higher probability. After :45-:15 reversals have lower chance of occurring. Not a super highly weighted item but it will help.
SA Range Rank JNJ.WEEK. 1.15.2026Signal Architect™ — Developer Note
Weekly
These daily posts are intentional.
They are not meant to showcase wins, targets, or outcomes.
They are designed to help viewers observe consistency in market behavior—specifically how structure, range, and reaction repeat across different products and timeframes.
The value is not in catching every move.
The value is in knowing when participation is unnecessary or unsupported.
Signal Architect™ tools are built to help traders avoid low-quality decisions, not to encourage constant activity.
________________________________________
What These Posts Are Demonstrating
Over time, if you observe these posts across equities and futures, you’ll begin to notice:
• The same structural traps repeat across different instruments
• The same reactions occur across multiple timeframes
• The same stop-run and absorption behaviors appear regardless of volatility
That repetition is not coincidence.
It reflects how markets consistently behave, even as prices change.
The goal of these posts is to make that behavior familiar—
because familiarity reduces hesitation, overtrading, and unnecessary loss.
Consistency is not the outcome.
Consistency is the environment.
________________________________________
What You’re Seeing (Public View)
These charts display a limited visual preview of tools within the Signal Architect™ framework.
Only visual context is shown.
Core logic, calculations, thresholds, and execution rules are intentionally not disclosed.
The tools emphasize:
• Market structure over prediction
• Environmental awareness over signals
• Risk framing over reward chasing
Nothing shown publicly is meant to tell you what to trade.
It is meant to help you recognize when not to trade.
________________________________________
Why This Matters
Most losses do not come from being wrong on direction.
They come from participating:
• too early
• too late
• during transitions
• inside structural traps
Signal Architect™ tools are designed to filter those moments out.
In many cases, the highest-value action is:
• standing aside
• reducing size
• waiting for clarity
Saving capital is part of execution.
Avoiding a bad trade is often more valuable than finding a good one.
________________________________________
Background & Scope (Context Only)
Over the years, I’ve developed a wide range of systems and analytical tools spanning:
• Equities
• Futures
• Options structure
• Portfolio construction and allocation logic
This includes extensive work on rule-based, tightly controlled frameworks designed to function across changing market conditions.
None of that internal logic is shared publicly.
These posts exist strictly for education, observation, and pattern recognition—not advice, not signals, and not promises.
________________________________________
🤝 For Those Who Find Value
If these daily posts help you see the market more clearly:
• Follow, boost, and share my scripts, Ideas, and MINDS posts
• Feel free to message me directly with questions or build requests
• Constructive feedback and collaboration are always welcome
For traders who want to go deeper, optional memberships may include:
• Additional signal access
• Early previews
• Occasional free tools and upgrades
🔗 Membership & Signals
trianchor.gumroad.com
________________________________________
⚠️ Final Note
Everything published publicly is educational and analytical only.
Markets carry risk.
Discipline, patience, and risk management always come first.
Watch the consistency.
Study the structure.
Let the market repeat itself.
— Signal Architect™
________________________________________
🔗 Personally Developed GPT Tools
• AuctionFlow GPT
chatgpt.com
• Signal Architect™ Gamma Desk – Market Intelligence
chatgpt.com
• Gamma Squeeze Watchtower™
chatgpt.com
Weekly (W) — Strategic Regime / “Where price is allowed to live”
Goal: Identify the dominant direction + structural permission for the entire week(s).
How to use:
• Treat weekly RECLAIM as regime confirmation, not an entry.
• If weekly prints Bull RECLAIM, favor long participation on lower timeframes until weekly invalidates.
• If weekly prints Bear RECLAIM, same idea but short-biased.
Best behavior to look for:
• 1–2 reclaim signals per month/quarter.
• Use it as a “macro gate.”
Recommended settings (starting point):
• dispMult 1.2–1.6
• reclaimWindow 20–40
• cooldown 8–20
🟣 WEEKLY — Macro Regime & Liquidity Clearing
1️⃣ Range Indicator (RI)
• <30 → long-term compression (energy building)
• >70 → macro expansion (trend regime active)
Use:
Defines whether markets are coiling or trending on a multi-month scale.
________________________________________
2️⃣ ZoneEngine (Structure)
• Identifies macro structural bias
• Explains why certain weekly moves fail or accelerate
Use:
Never fight weekly structure. This is your “market weather.”
________________________________________
3️⃣ Cloud / Reclaim (Behavior)
• Clouds classify regime state, not entries
• Reclaims are informational only on weekly
Use:
Helps label the regime: continuation vs transition.
________________________________________
4️⃣ Stop-Hunt Proxy
• Represents large-scale liquidity clearing
• Often tied to:
o fund rebalancing
o regime shifts
o macro events
Use:
Context only. Weekly stop-hunts explain why a regime changed — they are not trades.
KCP RSI + EMA Trend [Dr. K. C. Prakash]KCP RSI + EMA Trend
A professional, low-noise momentum indicator built on Volume-Weighted RSI and EMA trend confirmation, designed to filter false signals and capture high-probability trend moves.
Key Highlights (in simple terms):
Volume-Weighted RSI (VWRSI): Gives more importance to high-volume price moves, reducing weak signals.
EMA-14 on RSI: Confirms momentum direction and avoids premature entries.
HTF RSI Filter (Auto): Aligns trades with higher-timeframe trend (5m→15m, 15m→1H).
Strong Anti-False Filters: Uses RSI slope, range detection, and volume strength.
Clear Zones: Only 20 / 80 extreme levels for clean overbought–oversold structure.
Signals:
BUY: RSI crosses above 50 with volume + HTF trend confirmation
SELL: RSI crosses below 50 with volume + HTF trend confirmation
Best Use:
✔ Intraday & scalping (5m / 15m)
✔ Trend-following entries
✔ Avoiding sideways market traps
Ideal for: Traders who want clean, disciplined signals without over-trading.
Athanor - Context Execution EngineAthanor is a discretionary-to-mechanical execution indicator designed for traders who want to apply market judgment once and then remove themselves entirely from the trade.
Rather than generating signals or predictions, Athanor acts as a controlled execution furnace: you define the trade context (entry, invalidation, and target), and the system executes that decision exactly as specified — without interference, re-entries, or emotional overrides.
This makes Athanor especially suited for:
Prop firm evaluations
Set-and-forget trading
Overnight or “sleep-safe” execution
Traders who want discipline enforced after analysis is complete
Key Features
• Supports up to four independent trade scenarios (e.g. range fades and breakouts)
• One-and-done execution — first fill locks all others (OCO behavior)
• Daily arming logic prevents historical or stale triggers
• Time-based expiry ensures trades only execute while context is valid
• Optional global cancel time for session-based trading
• Webhook alerts compatible with automation services (e.g. TradersPost)
What Athanor Is Not
Athanor does not:
Predict direction
Trail stops
Scale positions
Re-enter after a stop
Override your decisions
It executes only what you explicitly authorize.
Intended Workflow
Analyze the market and identify a complete, self-contained trade idea
Define entry, stop, and target levels
Arm Athanor for the current session
Walk away and let the trade resolve
If price reaches your level, the trade executes.
If not, the idea expires without consequence.
Philosophy
Athanor is built on the principle that judgment and execution should not occur at the same time.
By separating analysis from execution, traders reduce emotional interference, over-management, and rule-breaking — especially during high-pressure environments such as prop firm evaluations.
Market Health Indicator# Market Health Indicator - Documentation
## Overview
The Market Health Indicator is a Pine Script technical analysis tool designed for TradingView that evaluates overall market conditions by analyzing the relationship between price and three Exponential Moving Averages (EMAs), as well as the relationships between the EMAs themselves. The indicator provides a quantitative score and actionable investment recommendations.
---
## Purpose
This indicator helps traders and investors:
- Assess the overall health and trend strength of a market or security
- Make informed decisions about position sizing
- Identify bullish, bearish, or neutral market conditions
- Determine when to increase, reduce, or exit positions
---
## Scoring Methodology
### Scoring System
The indicator evaluates **6 conditions**, each contributing either **+1** or **-1** to the total score:
#### Price vs EMA Conditions (3 conditions)
1. **Price vs EMA 21**
- Price > EMA 21 → +1
- Price < EMA 21 → -1
2. **Price vs EMA 50**
- Price > EMA 50 → +1
- Price < EMA 50 → -1
3. **Price vs EMA 100**
- Price > EMA 100 → +1
- Price < EMA 100 → -1
#### EMA Relationship Conditions (3 conditions)
4. **EMA 21 vs EMA 100**
- EMA 21 > EMA 100 → +1
- EMA 21 < EMA 100 → -1
5. **EMA 21 vs EMA 50**
- EMA 21 > EMA 50 → +1
- EMA 21 < EMA 50 → -1
6. **EMA 50 vs EMA 100**
- EMA 50 > EMA 100 → +1
- EMA 50 < EMA 100 → -1
### Total Score Range
- **Minimum Score**: -6 (all conditions bearish)
- **Maximum Score**: +6 (all conditions bullish)
---
## Market Health Status
Based on the total score, the indicator assigns one of five market health statuses:
| Score Range | Status | Interpretation |
|-------------|--------|----------------|
| 4 to 6 | **Strong Bullish** | All or most conditions favor upward momentum |
| 2 to 3 | **Bullish** | Majority of conditions are positive |
| -1 to 1 | **Neutral** | Mixed signals, no clear directional bias |
| -3 to -2 | **Bearish** | Majority of conditions are negative |
| -6 to -4 | **Strong Bearish** | All or most conditions favor downward momentum |
---
## Investment Level Recommendations
The indicator provides position sizing recommendations based on the score:
| Score Range | Investment Level | Action |
|-------------|-----------------|--------|
| 4 to 6 | **100% Invested** | Maximum exposure - strong bullish conditions |
| 2 to 3 | **75% Invested** | High exposure - moderately bullish conditions |
| 0 to 1 | **50% Invested** | Moderate exposure - neutral to slightly positive conditions |
| Below 0 | **Exit Weak Stocks** | Reduce exposure - bearish conditions, exit underperforming positions |
---
## Installation & Setup
### Installation Steps
1. Open TradingView and navigate to any chart
2. Click on **Pine Editor** at the bottom of the screen
3. Copy the entire Pine Script code
4. Paste it into the Pine Editor
5. Click **"Add to Chart"**
### Configuration Options
The indicator includes two customizable settings accessible via the settings gear icon:
#### 1. Table Position
Choose where the indicator table appears on your chart:
- **Top**: top_left, top_center, top_right
- **Middle**: middle_left, middle_center, middle_right
- **Bottom**: bottom_left, bottom_center, bottom_right
**Default**: top_right
#### 2. Table Size
Adjust the text size of the indicator table:
- **tiny**: Smallest text size
- **small**: Small text size
- **normal**: Standard text size (default)
- **large**: Large text size
- **huge**: Largest text size
**Default**: normal
---
## Understanding the Display
### Table Components
The indicator displays a table with the following rows:
1. **Header Row (Colored)**
- Left cell: Market Health status
- Right cell: Current score out of 6
- Color indicates market condition (green = bullish, yellow = neutral, red = bearish)
2. **Investment Level Row (Blue)**
- Shows recommended position sizing based on current score
- Helps with portfolio management decisions
3. **Column Headers (Gray)**
- "Condition" - describes each evaluation criteria
- "Score" - shows the +1 or -1 value
4. **Condition Rows (6 rows)**
- Each row shows one of the 6 scoring conditions
- Left column: condition description
- Right column: score value (+1 in green or -1 in red)
---
## Interpretation Guidelines
### Strong Bullish (Score 4-6)
**Characteristics:**
- Price trading above all major EMAs
- EMAs aligned in bullish order (21 > 50 > 100)
- Strong upward momentum
**Action:**
- Maintain full exposure (100% invested)
- Consider adding to winning positions
- Look for pullbacks as buying opportunities
### Bullish (Score 2-3)
**Characteristics:**
- Price above most EMAs
- Generally positive EMA alignment
- Moderate upward trend
**Action:**
- Maintain high exposure (75% invested)
- Hold existing positions
- Be selective with new entries
### Neutral (Score -1 to 1)
**Characteristics:**
- Mixed signals from price and EMAs
- No clear trend direction
- Market indecision
**Action:**
- Reduce exposure to 50%
- Wait for clearer signals
- Focus on risk management
- Consider range-bound strategies
### Bearish (Score -2 to -3)
**Characteristics:**
- Price below most EMAs
- Generally negative EMA alignment
- Moderate downward trend
**Action:**
- Exit weak positions
- Reduce overall exposure
- Raise cash levels
- Protect capital
### Strong Bearish (Score -4 to -6)
**Characteristics:**
- Price trading below all major EMAs
- EMAs aligned in bearish order (21 < 50 < 100)
- Strong downward momentum
**Action:**
- Exit weak stocks immediately
- Minimal to no long exposure
- Preserve capital
- Wait for market conditions to improve
---
## Best Practices
### Usage Tips
1. **Timeframe Selection**
- Works on all timeframes
- Higher timeframes (daily, weekly) provide more reliable signals
- Lower timeframes (intraday) may generate more frequent signals but with higher noise
2. **Combine with Other Analysis**
- Use as a component of a comprehensive trading strategy
- Complement with support/resistance levels
- Consider volume and other momentum indicators
- Factor in fundamental analysis for longer-term positions
3. **Position Sizing**
- Treat investment level recommendations as guidelines, not rigid rules
- Adjust based on your risk tolerance and account size
- Consider your overall portfolio allocation
4. **Risk Management**
- Always use stop losses regardless of indicator reading
- Don't ignore risk management during "Strong Bullish" periods
- The indicator shows trend, not specific entry/exit points
### Limitations
- **Lagging Nature**: EMAs are lagging indicators, so signals may come after trend changes have begun
- **Whipsaw Risk**: In choppy, sideways markets, the indicator may generate mixed signals
- **Not a Standalone System**: Should be used as part of a broader trading strategy
- **No Predictive Power**: Shows current conditions, not future direction
- **Market Context**: May need adjustment during extreme market conditions or unusual volatility
---
## Technical Details
### EMA Calculations
The indicator uses three standard Exponential Moving Averages:
- **EMA 21**: Short-term trend (approximately 1 month of trading days)
- **EMA 50**: Medium-term trend (approximately 2.5 months)
- **EMA 100**: Long-term trend (approximately 5 months)
EMAs give more weight to recent prices compared to Simple Moving Averages (SMAs), making them more responsive to price changes.
### Update Frequency
- The indicator recalculates on every bar close
- Real-time updates during the current bar formation
- Table displays the most recent completed bar data
### Performance
- Lightweight indicator with minimal computational overhead
- Suitable for use with multiple charts simultaneously
- No historical data storage required beyond standard EMA calculations
---
## Frequently Asked Questions
**Q: Can I change the EMA periods (21, 50, 100)?**
A: The current version uses fixed EMA periods. Modifying these would require editing the Pine Script code directly.
**Q: Does this indicator work on all assets?**
A: Yes, it works on stocks, forex, cryptocurrencies, commodities, and indices - any asset with price data.
**Q: Can I use this for day trading?**
A: Yes, but it's designed for swing trading and position trading. For day trading, consider using lower timeframes and being aware of increased signal noise.
**Q: What if the score keeps changing?**
A: Frequent score changes indicate a choppy or transitional market. Consider waiting for a more stable reading before taking action.
**Q: Should I exit ALL positions when score is negative?**
A: The recommendation is to "Exit Weak Stocks" - focus on underperforming positions. Strong stocks may still be held with appropriate stop losses.
**Q: Can I get alerts based on score changes?**
A: The current version doesn't include alerts, but this functionality could be added with Pine Script modifications.
---
## Version History
**Version 1.0**
- Initial release
- 6-condition scoring system
- Investment level recommendations
- Customizable table position and size
- Overlay on main chart
---
## Support & Feedback
For questions, suggestions, or issues with the indicator:
- Review this documentation thoroughly
- Test the indicator on historical data before live trading
- Adjust settings to match your chart layout preferences
- Always paper trade new strategies before risking real capital
---
## Disclaimer
This indicator is provided for educational and informational purposes only. It does not constitute financial advice, investment advice, trading advice, or any other type of advice. Trading and investing involve substantial risk of loss. Past performance is not indicative of future results. Always do your own research and consult with a qualified financial advisor before making investment decisions.
Dual RSI Spread Strategy [Custom]
概述
这是一个综合性的动量交易工具，结合了双重 RSI 交叉系统与经典 RSI 背离检测功能。该指标旨在通过分析短期与长期动量的“剪刀差”来识别潜在的超买/超卖区域，并辅以顶底背离信号作为反转确认。
核心功能与逻辑
1. 双重 RSI 差值信号 (Dual RSI Spread) 该策略同时计算两条 RSI 曲线：
短周期 RSI (默认 13)：对价格变化反应灵敏。
长周期 RSI (默认 42)：代表长期趋势基准。
交易信号基于两条 RSI 的差值 (Spread) 生成，逻辑如下：
🟢 买入信号 (Buy)：当 长周期 RSI - 短周期 RSI > 20。这意味着短期动量严重低于长期基准，市场可能处于深度超卖状态，存在均值回归需求。
🔴 卖出信号 (Sell)：当 短周期 RSI - 长周期 RSI > 20。这意味着短期动量冲高过快，远超长期基准，市场可能过热。
2. RSI 顶底背离 (Divergence) 指标内置了经典的背离检测算法（可选择开启/关闭），应用于短周期 RSI：
Bullish Divergence (看涨背离)：价格创新低，但 RSI 底部抬高。
Bearish Divergence (看跌背离)：价格创新高，但 RSI 顶部降低。 (注意：背离功能默认关闭，请在设置中勾选 "Calculate Divergence" 开启)
3. 高度自定义
支持自定义 RSI 长度、平滑类型 (SMA/EMA) 及平滑长度。
支持自定义差值阈值（默认 20）。
完整的告警支持：可分别为差值信号和背离信号设置 TradingView 告警。
如何使用 建议将“差值信号”作为预警，结合“背离信号”作为确认。当出现“买入”标签且随后出现 Bullish 背离时，胜率通常更高。
Overview
This is a comprehensive momentum trading tool that combines a Dual RSI Cross System with Classic RSI Divergence Detection. It is designed to identify potential overbought/oversold conditions by analyzing the "spread" between short-term and long-term momentum, reinforced by divergence signals for reversal confirmation.
Key Features & Logic
1. Dual RSI Spread Signals The script calculates two RSI lines simultaneously:
Short RSI (Default 13): Sensitive to immediate price changes.
Long RSI (Default 42): Represents the longer-term baseline.
Trading signals are generated based on the Spread (Difference) between these two lines:
🟢 BUY Signal: Triggers when Long RSI - Short RSI > 20. This implies short-term momentum is significantly below the long-term baseline, suggesting a deep oversold condition and potential mean reversion.
🔴 SELL Signal: Triggers when Short RSI - Long RSI > 20. This implies short-term momentum has spiked too far above the baseline, suggesting an overheated market.
2. RSI Divergence The indicator includes a built-in divergence detection algorithm (optional) applied to the Short RSI:
Bullish Divergence: Price makes a lower low, but RSI makes a higher low.
Bearish Divergence: Price makes a higher high, but RSI makes a lower high. (Note: Divergence is disabled by default. Please check "Calculate Divergence" in the settings to enable).
3. Fully Customizable
Configurable RSI lengths, Smoothing types (SMA/EMA), and Smoothing lengths.
Adjustable Spread Threshold (Default is 20).
Full Alert Support: Set alerts specifically for Spread Signals or Divergence detections.
How to Use It is recommended to use the "Spread Signals" as an early warning system and the "Divergence Signals" as confirmation. A setup where a "BUY" spread label is followed by a Bullish Divergence line often presents a higher probability trade.
Stockbee 9 million EP (Up or Down)Stockbee 9 million EP showing dot under candlestick for easy identification.
STIME3H Time High/Low Triangles (Correct Time • Wick/Body • Timezone Control)
This indicator plots 3-Hour (3H) High & Low levels using triangle markers, aligned to exact clock-based time blocks such as 00:00, 03:00, 06:00, 09:00, 12:00, 15:00, 18:00, 21:00.
It is designed for ICT / CRT / intraday traders who need precise session and time-cycle reference points without cluttering the chart.
🔹 Key Features
▲ High triangle & ▼ Low triangle for each 3-hour block
⏱ Correct time alignment using selectable timezones
🌍 Timezone dropdown
UTC
UTC-5 (Fixed)
New York (DST auto)
London (DST auto)
Tokyo
Custom timezone (IANA / Etc format)
🕒 Toggle individual times ON/OFF (00, 03, 06, 09, 12, 15, 18, 21)
📍 Triangles can touch candle wicks or bodies
🗂 Displays last 2 days by default (configurable)
🔠 Adjustable time text size (tiny → large)
🎨 Clean visuals, no background boxes, no repaint
Ale tonkis Swing failure + 5MIndicator Description: Ale Tonkis Swing Failure (SFP)
This script is an advanced Swing Failure Pattern (SFP) and Change in State of Delivery (CISD) indicator. It is designed to identify liquidity sweeps and market structure shifts across multiple timeframes simultaneously.
Key Features
Pivot Detection: Automatically identifies high and low pivot points based on a user-defined lookback period.
Liquidity Sweep Analysis: Detects when the price "sweeps" (goes beyond) a previous pivot high or low without closing significantly past it, signaling a potential reversal.
CISD (Change in State of Delivery): Tracks internal market structure shifts to confirm the SFP signal.
Multi-Timeframe (MTF) Dashboard: A real-time table in the top-right corner monitors the trend state across four different timeframes: M1, M3, M5, and M15.
Visual Alerts: The script uses dynamic bar coloring and labels (▲/▼) to signal entry points directly on the chart.
Technical Updates (M5 Integration)
The code has been specifically modified to include the 5-minute (M5) timeframe within the Multi-Timeframe logic:
Data Fetching: A new request.security call was added to retrieve the sfp_trend_state from the 5-minute interval.
Table Expansion: The display table was resized from 4 rows to 5 rows to accommodate the new data without overlapping.
UI Alignment: The M5 state is now positioned between M3 and M15, providing a smoother transition for traders analyzing mid-range scalping opportunities.
How to Read the Dashboard
LONG (Green): Indicates a bullish SFP has occurred and the trend remains positive on that timeframe.
SHORT (Red): Indicates a bearish SFP has occurred and the trend remains negative.
Empty/Black: No active SFP trend is currently detected on that specific timeframe.
Penny Stock Short Signal Pro# Penny Stock Short Signal Pro (PSSP) v1.0
## Complete User Guide & Documentation
---
# 📋 TABLE OF CONTENTS
1. (#introduction)
2. (#why-short-penny-stocks)
3. (#the-7-core-detection-systems)
4. (#installation--setup)
5. (#understanding-the-dashboard)
6. (#input-settings-deep-dive)
7. (#visual-elements-explained)
8. (#alert-configuration)
9. (#trading-strategies)
10. (#risk-management)
11. (#best-practices)
12. (#troubleshooting)
13. (#changelog)
---
# Introduction
**Penny Stock Short Signal Pro (PSSP)** is a comprehensive Pine Script v6 indicator specifically engineered for identifying high-probability short-selling opportunities on low-priced, high-volatility stocks. Unlike generic indicators that apply broad technical analysis, PSSP is purpose-built for the unique characteristics of penny stock price action—where parabolic moves, retail FOMO, and violent reversals create predictable patterns for prepared traders.
## Key Features
- **7 Independent Detection Systems** working in concert to identify exhaustion points
- **Composite Signal Engine** that requires multiple confirmations before triggering
- **Real-Time Dashboard** displaying all signal states and market metrics
- **Automatic Risk Management** with dynamic stop-loss and profit target calculations
- **Customizable Sensitivity** for different trading styles (scalping vs. swing)
- **Built-in Alert System** for all major signal types
## Who Is This For?
- **Active Day Traders** looking to capitalize on intraday reversals
- **Short Sellers** who specialize in penny stocks and small caps
- **Momentum Traders** who want to identify when momentum is exhausting
- **Risk-Conscious Traders** who need clear entry/exit levels
---
# Why Short Penny Stocks?
## The Penny Stock Lifecycle
Penny stocks follow a remarkably predictable lifecycle that creates shorting opportunities:
```
PHASE 1: ACCUMULATION
└── Low volume, tight range
└── Smart money quietly building positions
PHASE 2: MARKUP / PROMOTION
└── News catalyst or promotional campaign
└── Volume increases, price begins rising
└── Early momentum traders enter
PHASE 3: DISTRIBUTION (YOUR OPPORTUNITY)
└── Parabolic move attracts retail FOMO buyers
└── Smart money selling into strength
└── Volume climax signals exhaustion
└── ⚠️ PSSP SIGNALS FIRE HERE ⚠️
PHASE 4: DECLINE
└── Support breaks, panic selling
└── Price returns toward origin
└── Short sellers profit
```
## Why Shorts Work on Penny Stocks
1. **No Fundamental Support**: Most penny stocks have no earnings, revenue, or assets to justify elevated prices
2. **Promotional Nature**: Many rallies are driven by promoters who will eventually stop
3. **Retail Exhaustion**: Retail buying power is finite—when it's exhausted, gravity takes over
4. **Float Dynamics**: Low float stocks move fast in both directions
5. **Technical Levels Matter**: VWAP, round numbers, and prior highs become self-fulfilling resistance
---
# The 7 Core Detection Systems
PSSP employs seven independent detection algorithms. Each identifies a specific type of exhaustion or reversal signal. When multiple systems fire simultaneously, the probability of a successful short dramatically increases.
---
## 1. PARABOLIC EXHAUSTION DETECTOR
### What It Detects
Identifies when price has moved too far, too fast and is likely to reverse. This system looks for the classic "blow-off top" pattern common in penny stock runners.
### Technical Logic
```
Parabolic Signal = TRUE when:
├── Consecutive green candles ≥ threshold (default: 3)
├── AND price extension from VWAP ≥ threshold ATRs (default: 1.5)
└── OR shooting star / upper wick rejection pattern forms
```
### Visual Representation
```
╱╲ ← Shooting star / upper wick
╱ ╲ (Parabolic exhaustion)
╱
╱
╱
══════════════ VWAP
╱
╱
```
### Why It Works on Penny Stocks
Penny stocks are notorious for parabolic moves driven by retail FOMO. When everyone who wants to buy has bought, there's no one left to push prices higher. The shooting star pattern shows that sellers are already stepping in at higher prices.
### Key Settings
| Parameter | Default | Range | Description |
|-----------|---------|-------|-------------|
| Lookback Period | 10 | 3-30 | Bars to analyze for pattern |
| Extension Threshold | 1.5 ATR | 0.5-5.0 | How far above VWAP is "parabolic" |
| Consecutive Green Bars | 3 | 2-10 | Minimum green bars for exhaustion |
---
## 2. VWAP REJECTION SYSTEM
### What It Detects
Volume Weighted Average Price (VWAP) is the single most important level for institutional traders. This system identifies when price tests above VWAP and gets rejected back below—a powerful short signal.
### Technical Logic
```
VWAP Rejection = TRUE when:
├── Candle high pierces above VWAP
├── AND candle closes below VWAP
├── AND candle is bearish (close < open)
└── AND rejection distance is within sensitivity threshold
```
### Visual Representation
```
High ──→ ╱╲
╱ ╲
VWAP ════════╱════╲═══════════
Close ←── Rejection
```
### Extended VWAP Signals
The system also tracks VWAP standard deviation bands. Rejection from the upper band (2 standard deviations above VWAP) is an even stronger signal.
### Why It Works on Penny Stocks
- Algorithms and institutions use VWAP as their benchmark
- Failed attempts to reclaim VWAP often lead to waterfall selling
- VWAP acts as a "magnet" that price tends to revert toward
### Key Settings
| Parameter | Default | Range | Description |
|-----------|---------|-------|-------------|
| Rejection Sensitivity | 0.5 ATR | 0.1-2.0 | How close to VWAP for valid rejection |
| Show VWAP Line | True | - | Display VWAP on chart |
| Show VWAP Bands | True | - | Display standard deviation bands |
| Band Multiplier | 2.0 | 0.5-4.0 | Standard deviations for bands |
---
## 3. VOLUME CLIMAX DETECTOR
### What It Detects
Identifies "blow-off tops" where extreme volume accompanies a price spike. This often marks the exact top as it represents maximum retail participation—after which buying power is exhausted.
### Technical Logic
```
Volume Climax = TRUE when:
├── Current volume ≥ (Average volume × Climax Multiple)
├── AND one of:
│ ├── Selling into the high (upper wick > lower wick on green bar)
│ └── OR post-climax weakness (red bar following climax bar)
```
### Visual Representation
```
Price: ╱╲
╱ ╲
╱ ╲
╱ ╲
╱
Volume:
▂▃▅▇██▇▅▃▂▁
↑
Volume Climax (3x+ average)
```
### Why It Works on Penny Stocks
- Retail traders pile in at the top, creating volume spikes
- Market makers and smart money use this liquidity to exit
- Once the volume spike passes, there's no fuel left for higher prices
- The "smart money selling into dumb money buying" creates the top
### Key Settings
| Parameter | Default | Range | Description |
|-----------|---------|-------|-------------|
| Volume MA Length | 20 | 5-50 | Period for average volume calculation |
| Climax Volume Multiple | 3.0x | 1.5-10.0 | Multiple of average for "climax" |
| Show Volume Bars | True | - | Visual volume representation |
---
## 4. RSI DIVERGENCE ANALYZER
### What It Detects
Bearish divergence occurs when price makes higher highs but RSI (momentum) makes lower highs. This indicates that momentum is weakening even as price pushes higher—a warning of imminent reversal.
### Technical Logic
```
Bearish Divergence = TRUE when:
├── RSI is in overbought territory (> threshold)
├── AND RSI is declining (current < previous < prior)
└── Indicates momentum exhaustion before price catches up
```
### Visual Representation
```
Price: /\ /\
/ \ / \ ← Higher high
/ \/
/
/
RSI: /\
/ \ /\
/ \/ \ ← Lower high (DIVERGENCE)
/ \
════════════════════ Overbought (70)
```
### Why It Works on Penny Stocks
- Penny stocks often push to new highs on weaker and weaker momentum
- Divergence signals that fewer buyers are participating at each new high
- Eventually, the lack of buying pressure leads to collapse
### Key Settings
| Parameter | Default | Range | Description |
|-----------|---------|-------|-------------|
| RSI Length | 14 | 5-30 | Standard RSI calculation period |
| Overbought Level | 70 | 60-90 | RSI level considered overbought |
| Divergence Lookback | 14 | 5-30 | Bars to look back for swing highs |
---
## 5. KEY LEVEL REJECTION TRACKER
### What It Detects
Identifies rejections from significant price levels where shorts are likely to be concentrated: High of Day (HOD), premarket highs, and psychological levels (whole and half dollars).
### Technical Logic
```
Level Rejection = TRUE when:
├── Price touches key level (within 0.2% tolerance)
├── AND candle is bearish (close < open)
├── AND close is in lower portion of candle range
│
├── Key Levels Tracked:
│ ├── High of Day (HOD)
│ ├── Premarket High
│ └── Psychological levels ($1.00, $1.50, $2.00, etc.)
```
### Visual Representation
```
HOD ─────────────────────────────────
╱╲ ← Rejection
╱ ╲
╱ ╲
╱
─────────────────────────────────
PM High ─────────────────────────────
```
### Why It Works on Penny Stocks
- **HOD**: The high of day is where the most traders are trapped long. Failure to break HOD often triggers stop-loss cascades
- **Premarket High**: Represents overnight enthusiasm; failure to exceed often means the "news" is priced in
- **Psychological Levels**: Round numbers ($1, $2, $5) attract orders and act as natural resistance
### Key Settings
| Parameter | Default | Range | Description |
|-----------|---------|-------|-------------|
| Track HOD Rejection | True | - | Monitor high of day |
| Track Premarket High | True | - | Monitor premarket resistance |
| Track Psychological Levels | True | - | Monitor round numbers |
---
## 6. FAILED BREAKOUT DETECTOR
### What It Detects
Identifies "bull traps" where price breaks above resistance but immediately fails and closes back below. This traps breakout buyers and often leads to accelerated selling.
### Technical Logic
```
Failed Breakout = TRUE when:
├── Price breaks above recent high (lookback period)
├── AND one of:
│ ├── Same bar closes below the breakout level
│ └── OR following bars show consecutive red candles
```
### Visual Representation
```
╱╲
╱ ╲ ← False breakout
Recent High ══╱════╲════════════════
╱ ╲
╱ ╲
╱ ╲ ← Trapped longs panic sell
```
### Why It Works on Penny Stocks
- Breakout traders enter on the break, providing exit liquidity for smart money
- When the breakout fails, these traders become trapped and must exit
- Their forced selling accelerates the decline
- Penny stocks have thin order books, making failed breakouts especially violent
### Key Settings
| Parameter | Default | Range | Description |
|-----------|---------|-------|-------------|
| Breakout Lookback | 5 | 2-15 | Bars to define "recent high" |
| Confirmation Bars | 2 | 1-5 | Bars to confirm failure |
---
## 7. MOVING AVERAGE BREAKDOWN SYSTEM
### What It Detects
Monitors exponential moving averages (EMAs) for bearish crossovers and price rejections. EMA crosses often signal trend changes, while rejections from EMAs indicate resistance.
### Technical Logic
```
MA Breakdown = TRUE when:
├── Bearish EMA cross (fast crosses below slow)
└── OR EMA rejection (price tests EMA from below and fails)
```
### Visual Representation
```
╱╲ ← Rejection from EMA
╱ ╲
EMA 9 ═══════════╱════╲═══════════
╲
EMA 20 ═══════════════════╲════════
╲
Bearish cross ↓
```
### Why It Works on Penny Stocks
- EMAs smooth out the noise and show underlying trend direction
- When fast EMA crosses below slow EMA, it signals momentum shift
- Rejected attempts to reclaim EMAs show sellers are in control
### Key Settings
| Parameter | Default | Range | Description |
|-----------|---------|-------|-------------|
| Fast EMA | 9 | 3-20 | Short-term trend |
| Slow EMA | 20 | 10-50 | Medium-term trend |
| Show EMAs | True | - | Display on chart |
---
# Installation & Setup
## Step 1: Access Pine Editor
1. Open TradingView (tradingview.com)
2. Open any chart
3. Click "Pine Editor" at the bottom of the screen
## Step 2: Create New Indicator
1. Click "Open" → "New blank indicator"
2. Delete any existing code
3. Paste the entire PSSP code
## Step 3: Save and Add to Chart
1. Click "Save" (give it a name like "PSSP")
2. Click "Add to chart"
3. The indicator will appear with default settings
## Step 4: Configure Settings
1. Click the gear icon (⚙️) on the indicator
2. Adjust settings based on your trading style (see Settings section)
3. Click "OK" to apply
## Recommended Chart Setup
- **Timeframe**: 1-minute or 5-minute for scalping, 15-minute for swing shorts
- **Chart Type**: Candlestick
- **Extended Hours**: Enable if trading premarket/afterhours
- **Volume**: Can disable default volume since PSSP tracks it
---
# Understanding the Dashboard
The real-time dashboard provides at-a-glance status of all systems:
```
┌─────────────────────────────────────────┐
│ 📊 SHORT SIGNAL DASHBOARD │
├─────────────────────────────────────────┤
│ Signal Strength: 5/7 │
├─────────────────────────────────────────┤
│ ─── ACTIVE SIGNALS ─── │
│ │
│ Parabolic Exhaustion 🔴 2.1 ATR │
│ VWAP Rejection 🔴 Above │
│ Volume Climax 🔴 4.2x Avg │
│ RSI Divergence ⚪ RSI: 68 │
│ Level Rejection 🔴 @ HOD │
│ Failed Breakout 🔴 │
│ MA Breakdown ⚪ Bullish │
├─────────────────────────────────────────┤
│ ─── RISK LEVELS ─── │
│ Stop: $2.45 T1: $2.10 T2: $1.85 │
└─────────────────────────────────────────┘
```
## Dashboard Elements Explained
### Signal Strength Indicator
| Rating | Signals | Color | Interpretation |
|--------|---------|-------|----------------|
| STRONG | 5-7 | Red | High-confidence short opportunity |
| MODERATE | 3-4 | Orange | Decent setup, consider other factors |
| WEAK | 1-2 | Gray | Insufficient confirmation |
| NONE | 0 | Gray | No short signals active |
### Signal Status Icons
- 🔴 = Signal is ACTIVE (condition met)
- ⚪ = Signal is INACTIVE (condition not met)
### Contextual Metrics
Each signal row includes relevant metrics:
- **Parabolic**: Shows ATR extension from VWAP
- **VWAP**: Shows if price is Above/Below VWAP
- **Volume**: Shows current volume as multiple of average
- **RSI**: Shows current RSI value
- **Level**: Shows which level was touched (HOD, PM High, etc.)
- **MA**: Shows EMA relationship (Bullish/Bearish)
### Risk Levels
When a composite short signal fires:
- **Stop**: Suggested stop-loss level (high + ATR multiple)
- **T1**: First profit target (1:1 risk/reward)
- **T2**: Second profit target (user-defined R:R)
---
# Input Settings Deep Dive
## Group 1: Parabolic Exhaustion
| Setting | Default | Conservative | Aggressive | Description |
|---------|---------|--------------|------------|-------------|
| Enable | True | True | True | Turn system on/off |
| Lookback Period | 10 | 15 | 5 | Bars analyzed for pattern |
| Extension Threshold | 1.5 | 2.0 | 1.0 | ATRs above VWAP for "parabolic" |
| Consecutive Green Bars | 3 | 4 | 2 | Minimum green bars required |
**Tuning Tips:**
- Lower thresholds = more signals but more false positives
- Higher thresholds = fewer signals but higher quality
- For very volatile penny stocks, consider higher thresholds
## Group 2: VWAP Rejection
| Setting | Default | Conservative | Aggressive | Description |
|---------|---------|--------------|------------|-------------|
| Enable | True | True | True | Turn system on/off |
| Rejection Sensitivity | 0.5 | 0.3 | 0.8 | ATR distance for valid rejection |
| Show VWAP Line | True | True | True | Display VWAP |
| Show VWAP Bands | True | True | True | Display deviation bands |
| Band Multiplier | 2.0 | 2.5 | 1.5 | Standard deviations for bands |
**Tuning Tips:**
- Tighter sensitivity (lower number) = must reject very close to VWAP
- Wider bands = less frequent upper band rejections but more significant
## Group 3: Volume Climax
| Setting | Default | Conservative | Aggressive | Description |
|---------|---------|--------------|------------|-------------|
| Enable | True | True | True | Turn system on/off |
| Volume MA Length | 20 | 30 | 10 | Baseline volume period |
| Climax Volume Multiple | 3.0 | 4.0 | 2.0 | Multiple for "climax" status |
| Show Volume Profile | True | True | True | Visual volume bars |
**Tuning Tips:**
- Higher multiple = only extreme volume spikes trigger
- Shorter MA = more responsive to recent volume changes
- For highly liquid stocks, consider higher multiples
## Group 4: Momentum Divergence
| Setting | Default | Conservative | Aggressive | Description |
|---------|---------|--------------|------------|-------------|
| Enable | True | True | True | Turn system on/off |
| RSI Length | 14 | 21 | 7 | RSI calculation period |
| Overbought Level | 70 | 75 | 65 | Threshold for "overbought" |
| Divergence Lookback | 14 | 20 | 10 | Bars for swing high detection |
**Tuning Tips:**
- Lower overbought threshold = more frequent signals
- Shorter RSI length = more responsive but noisier
## Group 5: Key Level Rejection
| Setting | Default | Description |
|---------|---------|-------------|
| Enable | True | Master toggle for level system |
| Track Premarket High | True | Monitor premarket resistance |
| Track HOD Rejection | True | Monitor high of day |
| Track Psychological Levels | True | Monitor round numbers |
**Tuning Tips:**
- Disable premarket tracking if stock doesn't have significant premarket activity
- Psychological levels work best on stocks under $10
## Group 6: Failed Follow-Through
| Setting | Default | Conservative | Aggressive | Description |
|---------|---------|--------------|------------|-------------|
| Enable | True | True | True | Turn system on/off |
| Breakout Lookback | 5 | 8 | 3 | Bars defining "recent high" |
| Confirmation Bars | 2 | 3 | 1 | Bars to confirm failure |
**Tuning Tips:**
- Shorter lookback = more breakouts detected but smaller significance
- More confirmation bars = higher confidence but later entry
## Group 7: Moving Average Signals
| Setting | Default | Conservative | Aggressive | Description |
|---------|---------|--------------|------------|-------------|
| Enable | True | True | True | Turn system on/off |
| Fast EMA | 9 | 12 | 5 | Short-term trend |
| Slow EMA | 20 | 26 | 13 | Medium-term trend |
| Show EMAs | True | True | True | Display on chart |
**Tuning Tips:**
- Standard 9/20 works well for most penny stocks
- Faster EMAs (5/13) for scalping, slower (12/26) for swing trading
## Group 8: Composite Signal
| Setting | Default | Conservative | Aggressive | Description |
|---------|---------|--------------|------------|-------------|
| Minimum Signals | 3 | 4-5 | 2 | Signals needed for trigger |
| Show Dashboard | True | True | True | Display signal table |
| Dashboard Position | top_right | - | - | Screen location |
**Tuning Tips:**
- **Minimum Signals is the most important setting**
- Higher minimum = fewer trades but higher win rate
- Lower minimum = more trades but more false signals
## Group 9: Risk Management
| Setting | Default | Conservative | Aggressive | Description |
|---------|---------|--------------|------------|-------------|
| Show Stop Levels | True | True | True | Display stop loss |
| Stop ATR Multiple | 1.5 | 2.0 | 1.0 | Stop distance in ATRs |
| Show Targets | True | True | True | Display profit targets |
| Target R:R | 2.0 | 1.5 | 3.0 | Risk:Reward for Target 2 |
**Tuning Tips:**
- Tighter stops (lower ATR multiple) = less risk but more stop-outs
- Higher R:R targets = bigger winners but fewer targets hit
## Group 10: Visual Settings
| Setting | Default | Description |
|---------|---------|-------------|
| Bullish Color | Green | Color for bullish elements |
| Bearish Color | Red | Color for bearish/short signals |
| Warning Color | Orange | Color for caution signals |
| Neutral Color | Gray | Color for inactive elements |
---
# Visual Elements Explained
## Chart Overlays
### VWAP Line (Blue)
- **Solid blue line** = Volume Weighted Average Price
- Price above VWAP = bullish bias
- Price below VWAP = bearish bias
- **Use**: Short when price rejects from above VWAP
### VWAP Bands (Purple circles)
- Upper band = 2 standard deviations above VWAP
- Lower band = 2 standard deviations below VWAP
- **Use**: Extreme extension to upper band signals potential reversal
### EMAs (Orange and Red)
- **Orange line** = Fast EMA (9-period default)
- **Red line** = Slow EMA (20-period default)
- **Use**: Bearish cross or price rejection from EMAs confirms short
### HOD Line (Red, dashed)
- Shows the current day's high
- **Use**: Rejection from HOD is a key short signal
### Premarket High (Orange, dashed)
- Shows premarket session high
- **Use**: Failure to break PM high often signals weakness
## Signal Markers
### Individual Signal Markers (Small)
| Shape | Color | Signal |
|-------|-------|--------|
| ▼ Triangle | Purple | Parabolic Exhaustion |
| ✕ X-Cross | Blue | VWAP Rejection |
| ◆ Diamond | Yellow | Volume Climax |
| ● Circle | Orange | RSI Divergence |
| ■ Square | Red | Failed Breakout |
### Composite Short Signal (Large)
- **Large red triangle** with "SHORT" text
- Only appears when minimum signal threshold is met
- This is your primary trading signal
## Risk Level Lines
### Stop Loss (Red line)
- Calculated as: Entry + (ATR × Stop Multiple)
- Represents maximum acceptable loss
- **RESPECT THIS LEVEL**
### Target 1 (Light green line)
- First profit target at 1:1 risk/reward
- Consider taking partial profits here
### Target 2 (Dark green line)
- Second profit target at user-defined R:R
- Let winners run to this level
## Background Coloring
### Light Red Background
- Appears when composite short signal is active
- Indicates you should be looking for shorts, not longs
### Light Purple Background
- Appears during extreme parabolic extension
- Warning of potential imminent reversal
---
# Alert Configuration
## Available Alerts
### 1. Composite Short Signal
**Best for**: Primary trading signal
```
Condition: Composite short signal fires
Message: "PSSP: Short Signal Triggered - {ticker} at {close}"
```
### 2. Parabolic Exhaustion
**Best for**: Early warning of potential top
```
Condition: Parabolic exhaustion detected
Message: "PSSP: Parabolic exhaustion detected on {ticker}"
```
### 3. Volume Climax
**Best for**: Blow-off top identification
```
Condition: Volume climax occurs
Message: "PSSP: Volume climax / blow-off top on {ticker}"
```
### 4. Strong Short Setup (5+ Signals)
**Best for**: High-confidence opportunities only
```
Condition: 5 or more signals active
Message: "PSSP: STRONG short setup on {ticker}"
```
### 5. Very Strong Short Setup (6+ Signals)
**Best for**: Maximum confidence trades
```
Condition: 6 or more signals active
Message: "PSSP: VERY STRONG short setup on {ticker}"
```
### 6. Failed Breakout
**Best for**: Bull trap identification
```
Condition: Failed breakout detected
Message: "PSSP: Failed breakout detected on {ticker}"
```
### 7. Key Level Rejection
**Best for**: Resistance level plays
```
Condition: Key level rejection occurs
Message: "PSSP: Key level rejection on {ticker}"
```
## Setting Up Alerts in TradingView
1. Right-click on the chart
2. Select "Add Alert"
3. Set Condition to "Penny Stock Short Signal Pro"
4. Choose your desired alert condition
5. Configure notification method (popup, email, webhook, etc.)
6. Set expiration (or "Open-ended" for permanent)
7. Click "Create"
## Alert Strategy Recommendations
### For Active Day Traders
- Enable: Composite Short Signal, Volume Climax
- Set to: Popup + Sound
- Check frequently during market hours
### For Swing Traders
- Enable: Strong Short Setup (5+), Very Strong Short Setup (6+)
- Set to: Email + Mobile Push
- Review at key times (open, lunch, close)
### For Part-Time Traders
- Enable: Very Strong Short Setup (6+) only
- Set to: Email + SMS
- Only trade highest-conviction setups
---
# Trading Strategies
## Strategy 1: The Parabolic Fade
**Setup Requirements:**
- Parabolic Exhaustion signal ACTIVE
- Extension from VWAP ≥ 2.0 ATR
- Volume climax or declining volume on push
**Entry:**
- Short on first red candle after signal
- Or short on break below prior candle's low
**Stop Loss:**
- Above the high of the parabolic move
- Maximum: 1.5 ATR above entry
**Targets:**
- T1: VWAP (take 50% off)
- T2: Lower VWAP band or LOD
**Best Time:** 9:30-10:30 AM (morning runners)
---
## Strategy 2: VWAP Rejection Short
**Setup Requirements:**
- VWAP Rejection signal ACTIVE
- Price came from below VWAP
- Rejection candle has significant upper wick
**Entry:**
- Short on close below VWAP
- Or short on break below rejection candle low
**Stop Loss:**
- Above VWAP + 0.5 ATR
- Or above rejection candle high
**Targets:**
- T1: Lower VWAP band
- T2: Prior support or LOD
**Best Time:** Midday (11:00 AM - 2:00 PM)
---
## Strategy 3: HOD Failure Short
**Setup Requirements:**
- Level Rejection signal ACTIVE (HOD)
- Multiple tests of HOD without breakthrough
- Volume declining on each test
**Entry:**
- Short on confirmed HOD rejection
- Wait for close below the rejection candle
**Stop Loss:**
- Above HOD + 0.25 ATR (tight)
- Clear invalidation if HOD breaks
**Targets:**
- T1: VWAP
- T2: Morning support levels
**Best Time:** 10:30 AM - 12:00 PM
---
## Strategy 4: Volume Climax Fade
**Setup Requirements:**
- Volume Climax signal ACTIVE
- Volume ≥ 3x average on green candle
- Followed by bearish candle or upper wick
**Entry:**
- Short on first red candle after climax
- Or short on break below climax candle low
**Stop Loss:**
- Above climax candle high
- Give room for volatility spike
**Targets:**
- T1: 50% retracement of the run
- T2: VWAP or start of the run
**Best Time:** First hour of trading
---
## Strategy 5: The Full Composite (High Conviction)
**Setup Requirements:**
- Composite Short signal ACTIVE
- Minimum 4-5 individual signals
- Clear visual of signal markers clustering
**Entry:**
- Short immediately on composite signal
- Use market order for fast-moving stocks
**Stop Loss:**
- Use indicator's automatic stop level
- Do not deviate from system
**Targets:**
- T1: Indicator's T1 level (1:1)
- T2: Indicator's T2 level (2:1)
**Best Time:** Any time with sufficient signals
---
# Risk Management
## Position Sizing Formula
```
Position Size = (Account Risk %) / (Stop Loss %)
Example:
- Account: $25,000
- Risk per trade: 1% = $250
- Entry: $2.00
- Stop: $2.20 (10% stop)
- Position Size: $250 / 10% = $2,500 worth
- Shares: $2,500 / $2.00 = 1,250 shares
```
## Risk Rules
### The 1% Rule
Never risk more than 1% of your account on any single trade. For a $25,000 account, max risk = $250.
### The 2x Stop Rule
If your stop gets hit twice on the same stock, stop trading it for the day. The pattern isn't working.
### The Daily Loss Limit
Set a maximum daily loss (e.g., 3% of account). Stop trading if hit.
### The Size-Down Rule
After a losing trade, reduce your next position size by 50%. Rebuild after a winner.
## Short-Specific Risks
### The Short Squeeze
- Penny stocks can squeeze violently
- ALWAYS use stops
- Never "hope" a position comes back
- Size appropriately for volatility
### The Hard-to-Borrow
- Check borrow availability before trading
- High borrow fees eat into profits
- Some stocks become HTB mid-trade
### The Halt Risk
- Penny stocks can halt on volatility
- Position size for worst-case halt against you
- Halts can open significantly higher
---
# Best Practices
## DO's
✅ **Wait for multiple signals** - Single signals have lower accuracy
✅ **Trade with the trend** - Short when daily trend is down
✅ **Use the dashboard** - Check signal count before entering
✅ **Respect stops** - The indicator calculates them for a reason
✅ **Size appropriately** - Penny stocks are volatile; position small
✅ **Trade liquid stocks** - Volume ≥ 500K daily average
✅ **Know the catalyst** - Understand why the stock is moving
✅ **Take partial profits** - Secure gains at T1
✅ **Journal your trades** - Track what works and what doesn't
✅ **Time your entries** - Best shorts often come 10:30-11:30 AM
## DON'Ts
❌ **Don't short strong stocks** - If it won't go down, don't force it
❌ **Don't fight the tape** - A stock going up can keep going up
❌ **Don't average up on losers** - Adding to losing shorts is dangerous
❌ **Don't ignore the dashboard** - It exists to help you
❌ **Don't overtrade** - Quality over quantity
❌ **Don't short into news** - Wait for the reaction first
❌ **Don't trade the first 5 minutes** - Too chaotic for reliable signals
❌ **Don't hold overnight** - Penny stock gaps can destroy accounts
❌ **Don't trade without stops** - Ever.
❌ **Don't trade on tilt** - After losses, take a break
## Optimal Trading Windows
| Time (ET) | Quality | Notes |
|-----------|---------|-------|
| 9:30-9:35 | ⭐ | Too volatile, avoid |
| 9:35-10:30 | ⭐⭐⭐⭐⭐ | Best shorts, morning runners exhaust |
| 10:30-11:30 | ⭐⭐⭐⭐ | Secondary exhaustion, HOD rejections |
| 11:30-2:00 | ⭐⭐ | Midday lull, lower quality |
| 2:00-3:00 | ⭐⭐⭐ | Afternoon setups develop |
| 3:00-3:30 | ⭐⭐⭐⭐ | End of day momentum |
| 3:30-4:00 | ⭐⭐ | Closing volatility, risky |
---
# Troubleshooting
## Common Issues
### "Signals aren't appearing"
- Check that the relevant system is enabled in settings
- Ensure minimum signals threshold isn't too high
- Verify the stock has sufficient volume for calculations
### "Too many false signals"
- Increase minimum signals threshold
- Use more conservative settings (see Settings section)
- Focus on stocks with cleaner price action
### "Dashboard not showing"
- Ensure "Show Signal Dashboard" is enabled
- Check that your chart has enough space
- Try a different dashboard position
### "VWAP line is missing"
- VWAP requires intraday timeframes (1m, 5m, 15m, etc.)
- VWAP resets daily; won't show on daily+ charts
- Ensure "Show VWAP Line" is enabled
### "Stop loss seems too tight/wide"
- Adjust Stop ATR Multiple in Risk Management settings
- Lower multiple = tighter stop
- Higher multiple = wider stop
### "Alerts not triggering"
- Verify alert is set to the correct indicator
- Check that alert hasn't expired
- Ensure notification settings are configured in TradingView
## Performance Optimization
If the indicator is slow:
1. Reduce the number of visual elements shown
2. Disable unused signal systems
3. Use on fewer simultaneous charts
4. Close unused browser tabs
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# Changelog
## Version 1.0 (Initial Release)
- 7 core detection systems implemented
- Real-time signal dashboard
- Automatic risk management calculations
- 7 alert conditions
- Full visual overlay system
- Comprehensive input settings
## Planned Features (Future Updates)
- Scanner integration for multi-stock screening
- Machine learning signal weighting
- Backtesting statistics panel
- Volume profile analysis
- Level 2 data integration (if available)
- Custom timeframe VWAP options
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# Support & Feedback
## Reporting Issues
When reporting issues, please include:
1. TradingView username
2. Stock symbol and timeframe
3. Screenshot of the issue
4. Your indicator settings
5. Steps to reproduce
## Feature Requests
We welcome suggestions for improving PSSP. Consider:
- What specific pattern are you trying to catch?
- How would this help your trading?
- Any reference examples?
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# Disclaimer
**IMPORTANT: This indicator is for educational and informational purposes only.**
- Past performance does not guarantee future results
- Short selling carries unlimited risk potential
- Always use proper position sizing and stop losses
- Paper trade before using real capital
- The creator assumes no liability for trading losses
- Consult a financial advisor before trading
**Trade at your own risk.**
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*Penny Stock Short Signal Pro v1.0*
*Pine Script v6*
*© 2025*
Matrix Panel + VPThis is the indicator for identifying SL levels
It also provides Information about turnover
Aether | SkyWalker Cloud Algo☁️ Aether | SkyWalker Cloud Algo
The SkyWalker Cloud Algo is a high-confluence trend-following system designed to filter out market noise and capture significant volatility expansions. By combining a sensitive trailing stop engine (UT Bot) with a "Tri-Factor" of momentum, volume, and trend filters, this script visualizes the market as a navigational flight path—keeping you in the clear "Blue Sky" during uptrends and alerting you to "Storms" during downtrends.
🧠 The Logic Behind the Cloud
This script is not just a buy/sell signal generator; it is a Confluence Engine. A signal is only generated when the core cloud logic aligns with specific atmospheric conditions (Filters).
1. The Core Engine: Variable Sensitivity Cloud (UT Bot)
At its heart, the script uses a modified ATR Trailing Stop (often known as the UT Bot).
Ascend (Bullish): When price breaks above the trailing "Updraft" line.
Descend (Bearish): When price breaks below the trailing "Downdraft" line.
Customization: You can tweak the Sensitivity (ATR Period) and Smoothness (Key Value) to fit any timeframe, from scalping (1m) to swing trading (4H+).
2. The Confluence Filters (The Weather System)
To prevent false signals in choppy markets, the "SkyWalker" logic checks three distinct market forces before confirming a trade:
🌬️ Prevailing Wind (Supertrend): Ensures you are trading in the direction of the macro trend. If the wind is against you, the signal is grounded.
🌡️ Atmospheric Pressure (QQE Mod): Uses a smoothed RSI with volatility bands to detect genuine momentum shifts. It ensures there is enough "pressure" to sustain the move.
💧 Vapor Flow (Chaikin Money Flow): Analyzes volume flow. A Buy signal requires positive money flow (Inflow), and a Sell requires negative money flow (Outflow).
3. Market Structure (SMC)
Optional Filter: You can enable the SMC Structure Alignment in the settings. This forces the algorithm to only take Longs when the market is making Higher Highs and Shorts when making Lower Lows, adding an extra layer of safety.
🌤️ Visuals & The "Flight Deck"
The script completely overhauls the standard chart visual to keep your focus on price action and targets.
Aether Mist: The space between the price and the trailing stop is filled with a dynamic cloud, providing an instant visual read on trend strength.
Dynamic Targets (TP/SL): When a signal fires, the script automatically projects Take Profit and Stop Loss lines on your chart based on volatility (ATR). These lines update in real-time.
The Flight Deck (Dashboard): Located in the corner of your chart, this panel provides a real-time status report of your filters (Wind, Barometer, Flow) and tracks the "Flight Accuracy" (Win Rate) of the signals on the current chart history.
🛠️ How to Use
Entry: Wait for a "🌤️ ASCEND" (Long) or "⛈️ DESCEND" (Short) label. This confirms that price has broken the cloud and all enabled filters (Supertrend, QQE, CMF) are in agreement.
Stop Loss: Place your initial stop at the dotted white line provided by the signal.
Take Profit: Aim for the dashed colored line (Dynamic TP). Alternatively, you can ride the trend until the Cloud changes color.
Trailing: If the "Show Trailing Cloud" option is on, the SL line will move with the price, locking in profits as the trend continues.
⚙️ Settings Overview
Updraft/Downdraft Sensitivity: Lower numbers = faster signals (scalping); Higher numbers = fewer signals (swinging).
Confluence Group: Toggle the Supertrend, QQE, or CMF filters on/off individually to loosen or tighten the strategy.
Visuals: Toggle the Dashboard, TP/SL lines, or the background cloud fill.
HTF Long/Short 1hr This is one of my latest algo it helps with your long and short bias for GC on the 1HR HTF
Candlestick Patterns══════════════════════════════════════════════════════════════
CANDLESTICK PATTERNS PRO - QUICK START GUIDE
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INSTALL
> Open TradingView > Pine Editor > Paste code > Add to Chart
SIGNALS AT A GLANCE
▲ GREEN TRIANGLE (Below bar) = BUY Signal
▼ RED TRIANGLE (Above bar) = SELL Signal
++ STRONG BUY = High confidence reversal UP
+ Bullish = Possible move UP
-- STRONG SELL = High confidence reversal DOWN
- Bearish = Possible move DOWN
SIGNAL TABLE (Top Right Corner)
┌─────────┬──────────────┐
│ SIGNAL │ STATUS │
│ Current │ ++ STRONG BUY│
│ Pattern │ Bull Engulf │
│ Trend │ REVERSAL UP │
└─────────┴──────────────┘
PATTERN STRENGTH
STRONG SIGNALS (Large Labels):
• Bull/Bear Engulfing
• Morning/Evening Star
• Bull/Bear Kicker
• Piercing Line / Dark Cloud
REGULAR SIGNALS (Normal Labels):
• Hammer / Inv Hammer
• Shooting Star / Hanging Man
• Bull/Bear Harami
• Bullish Belt
NEUTRAL:
• Doji = Wait for confirmation
COLORS
GREEN Background = Bullish zone
RED Background = Bearish zone
WHITE Label = Neutral (Doji)
SETTINGS (Gear Icon)
Pattern Sensitivity:
• Doji Body Size = Smaller = more dojis
• Hammer Wick Ratio = Higher = stricter
• Engulfing Ratio = Size requirement
Display Options:
• Show/Hide Bullish patterns
• Show/Hide Bearish patterns
• Toggle bar coloring
• Toggle background
• Toggle arrows
ALERTS
> Right-click chart > Add Alert > Select:
• Strong Bullish Signal
• Strong Bearish Signal
• Bullish Signal
• Bearish Signal
• Doji - Indecision
══════════════════════════════════════════════════════════════
TRADING TIPS
══════════════════════════════════════════════════════════════
++ STRONG BUY at support level = HIGH probability
-- STRONG SELL at resistance = HIGH probability
Doji after trend = Reversal warning
Engulfing pattern = Immediate action
Always confirm with:
• Support / Resistance levels
• Volume
• Trend direction
Weekly macro ratio indicator tracking Silver/Gold with a 30-weekWhat this indicator does
This indicator tracks the Silver/Gold ratio on a weekly basis to determine whether silver is leading gold (risk appetite returning inside metals) or gold is leading silver (more defensive precious-metals posture).
Why Silver/Gold matters
When Silver/Gold rises, silver is outperforming gold — often associated with reflation, growth expectations, or broad risk appetite.
When Silver/Gold falls, gold is outperforming silver — often associated with defense, uncertainty, or tighter financial conditions.
This ratio is not a timing tool — it’s a regime/leadership indicator.
How it works (regime rules)
Using weekly data:
Compute Silver ÷ Gold
Apply a 30-week SMA
Regime definitions:
Bull: Ratio above a rising 30-week SMA (silver leading)
Bear: Ratio below a falling 30-week SMA (gold leading)
Neutral: Transition/range
A clear label marks the current regime.
How to use it in your system - This indicator is designed to be used as part of the broader TQ Weekly Macro Framework, alongside other TQ indicators such as TQ Gold Trend (Weekly Macro), TQ Gold / DXY (Weekly Macro), and TQ Gold / SPY (Weekly Macro).
Each indicator can also be used independently.
Use after confirming:
Pane 1: Gold Trend
Pane 2: Gold/DXY
Pane 3: Gold/SPY
If Silver/Gold is Bull, metals participation is broadening and silver often has more upside torque.
If Silver/Gold is Bear, gold leadership is defensive; silver exposure may underperform.
Neutral often signals rotation or consolidation.
Best timeframe
Designed for weekly macro regime analysis.
Multi-Filter Momentum Candle Strategy (Non-Repaint)Momentum Candle Precision Scanner is a price action–based indicator designed to detect high-quality momentum candles after consolidation phases.
It combines candle structure analysis, volume confirmation, ATR control, consolidation filtering, and higher timeframe EMA trend alignment to reduce false signals.
⚠️ This indicator is NOT standalone and MUST be used together with an external RSI indicator.
RSI is intentionally not included in the script to allow traders full flexibility in choosing their preferred RSI settings.
🎯 Purpose
This indicator helps traders:
Identify valid impulsive candles, not just large candles
Avoid entries during sideways or consolidation zones
Trade in alignment with the higher timeframe trend
Improve entry selectivity through a scoring-based validation system
⚙️ Core Logic Explained
1️⃣ Momentum Candle Structure
Candle body must fall within a predefined pip range
Minimum body-to-range ratio is required
Upper and lower wick percentages are strictly limited
This helps filter out candles caused by noise or fake breakouts.
2️⃣ Volume Confirmation
Current volume must be above its moving average
Ensures momentum is supported by market participation
3️⃣ ATR-Based Control
Candle body size is capped using ATR
Prevents signals during abnormal volatility spikes (e.g., news events)
4️⃣ Consolidation Filter (Box & Core Zone)
A dynamic price box is built from recent candles
Signals are ignored inside the core consolidation zone
Focuses entries on breakout or expansion phases
5️⃣ Scoring System
Each candle is evaluated using a weighted score:
Candle body quality
Wick structure
Volume strength
ATR validity
Position relative to consolidation
Signals are triggered only when the minimum score threshold is met.
📈 Trend Filtering (EMA HTF & Current TF)
Higher Timeframe EMA defines the main trend direction
Current Timeframe EMA reflects local momentum
Options available:
Trade with HTF trend only
Or allow counter-trend signals (user controlled)
🚨 Alert Feature
Alerts can trigger minutes before candle close
Designed for traders who wait for near-close confirmation
⚠️ IMPORTANT – RSI IS REQUIRED
This indicator does NOT include RSI internally.
📌 You must add an external RSI indicator and use it as:
Additional momentum confirmation
Overbought / oversold filter
Trend strength validation
👉 General RSI usage example:
Buy setups → RSI above 50 and strengthening
Sell setups → RSI below 50 and weakening
(Users are free to adapt RSI settings to their own strategy.)
🛠️ Recommended Usage
Best suited for M5
Optimized for XAUUSD
Can be adapted to other instruments by adjusting pip size
📌 Disclaimer
This indicator is a technical analysis tool, not a trading system.
No guarantees of profitability. Always apply proper risk management, RSI confirmation, and personal backtesting before live trading.
COMD - Candle Coloring Logic V2 Custom KAMA Ribbon is an early-stage trend analysis system built around five adaptive moving averages stacked into a ribbon that colors price candles in real time. It was created by xqweasdzxcv during a phase of aggressive strategy experimentation, back when throwing clever math at the market still felt like it might solve everything (spoiler alert, it did, and all the world will see soon in the following few years). The tool visualizes shifting trend strength through adaptive smoothing, giving a cleaner read than standard moving averages, but it eventually got outclassed by more advanced, structure-driven models.
This version survives as a fossil from the evolutionary path of project Patron (the Core Of My Desire is just a base). It still matters, not because it is the best, but because this is part of a true legend and because it shows how adaptive moving average stacking was used to build smarter trend filters before the really serious weapons came online.
hap adxAdaptive ADX & DI Color Bars – Indicator Description
This indicator is an advanced ADX-based momentum and trend strength visualizer.
Instead of displaying raw ADX and DI values only, it dynamically changes bar colors
based on the relationship between ADX, +DI, and −DI, making market conditions
instantly readable.
Core Logic:
- Rising ADX indicates increasing momentum and trend strength
- Falling ADX signals weakening trend or transition to range
- +DI vs −DI defines bullish or bearish directional control
Color States:
Strong Bullish Trend:
- ADX is rising
- +DI is above −DI
- Shows strong bullish momentum and trend continuation
Weak / Early Bullish:
- +DI above −DI
- ADX flat or weakening
- Trend exists but momentum is not fully confirmed
Strong Bearish Trend:
- ADX is rising
- −DI is above +DI
- Strong bearish dominance and continuation
Weak / Early Bearish:
- −DI above +DI
- ADX weakening
- Selling pressure exists but momentum is fading
No-Trade / Range Zone:
- ADX is low or clearly declining
- +DI and −DI are close or frequently crossing
- Market is ranging or indecisive
Why This Indicator Is Useful:
- Removes the need to interpret raw ADX values
- Visually highlights trend strength, weakness, and transitions
- Helps avoid low-quality trades during weak momentum
- Works perfectly as a trend filter for scalping, day trading, and swing trading
Best Use Cases:
- Trend confirmation
- Momentum filtering
- Entry quality validation
- Avoiding false breakouts in low ADX conditions
Average CandleAverage Candle is a custom indicator that plots a synthetic candle built from the average open, high, low, and close of the last X periods, providing a smoother view of price behavior and trend. It helps filter noise by summarizing recent market action into a single, representative **candle** per bar.
1. Introduction
Average Candle calculates the simple moving average of each OHLC component (Open, High, Low, Close) over a user-defined lookback period and renders that as a separate candle on the chart.
This creates a smoothed representation of price that is less affected by short-term volatility while still respecting the overall structure of the market.
By visualizing these averaged candles, traders can better identify underlying direction and momentum without removing the original price bars.
2. Key features
- Uses the average of the last X opens, highs, lows, and closes to build a synthetic candle for each bar, allowing consistent smoothing across all OHLC components.
- Colors the Average Candle bullish or bearish based on whether the average close is above or below the average open, making directional bias visually clear at a glance.
- Can be overlaid on the main chart to compare raw price candles with their averaged counterpart, helping traders distinguish meaningful swings from short-term noise.
3. How to use
- Add the indicator to your chart, choose the desired lookback length (X periods), and tune it according to your trading timeframe and style—for example, shorter lengths for more responsive signals and longer lengths for smoother trends.
- Use the Average Candle to confirm trend direction, detect potential reversals, or validate entries and exits by checking whether price action aligns with the smoothed average structure.
- Combine it with other tools such as support/resistance, volume, or momentum indicators, ensuring it is used as a complementary visualization aid rather than a standalone signal generator.
Gold Premium Histogram
Compares Altins1 to gram gold in turkish lira to see the deviation and suggesting when to arbitrage
